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Economy & Labor

CT budget deficit crosses emergency action threshold


Gov. Dannel P. Malloy intensified pressure on the legislature Monday to come into special session to repair the new state budget, projecting a $203 million deficit that exceeds a key risk threshold.

Survey shows mixed business conditions in CT

Patricia Daddona |

More Connecticut businesses are reporting a mix of improving and worsening conditions for the third quarter, according to a survey released Monday by the Connecticut Business & Industry Association.

Wallingford drugmaker's layoffs to continue into 2018

Patricia Daddona |

Wallingford drugmaker Bristol-Meyers Squibb, which is planning to close facilities in the state by the end of 2018, is phasing in 29 more layoffs through January.

Bipartisan budget deal leads to tax changes for businesses, individuals

Paul Graney |

On Oct. 31, Gov. Dannel P. Malloy signed a “trick-or-treat” bipartisan budget agreement that provided for a number of new tax changes. He also vetoed a hospital provider tax, but offered...

Sexual harassment: What every employer needs to know

Shel Myers |

With news out of Hollywood exploding with stories of sexual harassment, pressure is building on Connecticut employers to better understand and enforce the law on these matters. Title VII of the Civil...

CT registers slow growth in personal income; population declines

Patricia Daddona | 1

Personal income rose about 1 percent in Connecticut in 2016 as the state's population stagnated, according to new federal data.

CT shed 6,600 jobs in Oct.

Gregory Seay |

Connecticut lost 6,600 mostly seasonal jobs in October yet the unemployment rate eased to 4.5 percent, state labor authorities say.

Smidler out, Lariviere in at Kaman unit

Gregory Seay |

The management shuffle at Bloomfield aeroparts and power-distribution equipment maker Kaman Corp. continued Thursday with the disclosure that the head of its distribution segment is out.

Winstanley pays $50M for Windsor Locks bldg.

Gregory Seay |

Massachusetts landlord-developer Winstanley Enterprises says it has acquired a one-million-square-foot grocery-distribution facility in Windsor Locks for $50 million.

Senate passes hospital tax fix


The Senate voted unanimously Tuesday to fix a series of technical issues in the new state budget, including a flaw with the new hospital provider tax increase.

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